That is indeed now the forecast. The NHC expects Irene to be a Cat 3 storm over the central Bahamas. Their current track goes just east of Andros Island on Thursday morning.
Discussion advisory suggests that the current track is somewhat west of the model consensus -- the Canadian Model could be a good one to watch, then, as it is the only one now west of the 'Official' track this morning... so the east coast of Florida isn't out of the woods yet. Floyd, anyone?
Hush!
Yeah, I remember Floyd. 1999. It was headed STRAIGHT towards Ft. Lauderdale. It was on that path for days and at the last moment veered sharply north due to a high pressure front moving in to South Florida. Floyd was huge and powerful. It ended up flooding half of North Carolina.